How much is Bitcoin worth today?

How much is Bitcoin worth today?

Bitcoin (BTC) trades 24 hours a day, seven days a week. It is a market that never sleeps and the price of BTC is constantly changing. It doesn’t matter what currency or commodity is used to measure the value of a bitcoin – BTC is always live and the market is always open.

It wasn’t always like this – in the beginning, before around 2010, there were no exchanges or even reliable price information, and BTC/USD traded at minimal prices – at at any given time, even less than a US cent. Since those days, however, the price of Bitcoin has increased by several million percent.

In December 2022, one bitcoin is worth (BTC). It’s also easy to compare different prices in the crypto market – there’s no need to rely on just one source, and the market is always hard at work finding a consensus. Want to know how much Bitcoin costs right now? Cointelegraph offers reliable real-time information on the current price of Bitcoin in dollars and other currencies.

There are also live price charts for a wide range of altcoins, including Ether (ETH), Dogecoin (DOGE), and Binance Coin (BNB). Check out the Cointelegraph crypto price indices to get started with the current Bitcoin price.

How much is 1 bitcoin worth? How much are 5 bitcoins worth?

Bitcoin has a fixed supply of 21 million, and its scarcity is one of the unique characteristics of the largest cryptocurrency. However, BTC newbies and those unfamiliar with crypto often run into problems understanding how Bitcoin supply works.

There can be a maximum of 21 million “whole” coins, but these can be divided up to eight decimal places. This is another key feature that makes Bitcoin so versatile – even if BTC/USD traded at $1 million, its smallest unit of account, the satoshi (often referred to as sats), would still only be worth 1 cent.

Bitcoin for payments is not yet widespread, and current BTC prices mean that 1 satoshi still has some way to go before trading at a whole penny. Nevertheless, for investors, the utility is already there – anyone with at least one satoshi’s worth of currency can buy Bitcoin.

Nevertheless, among mainstream consumers, the myth remains that it is only possible to buy one whole bitcoin – when in fact anyone can buy a hundred millionth bitcoin.

Want to know how much 1 bitcoin is worth over 100 million sats? Cointelegraph has dedicated price indices covering BTC, as well as a wide range of altcoins such as Ether and Binance Coin. Updated in real-time for a number of major exchanges, the Cointelegraph price indices are the perfect tool to get to grips with live crypto price information.

How much does a bitcoin cost in dollars?

Bitcoin is most often quoted in US dollars (USD) on the BTC price indices – but that’s not all. The BTC/USD pair refers to the price of Bitcoin in dollars, and is constantly updated in real time even when traditional markets are closed.

Beyond the USD, however, there are other indices that refer to the dollar price of Bitcoin but use other cryptocurrencies instead. These are known as US dollar “stablecoins” and are a key part of the crypto economy.

The most widely used stablecoin is Tether (USDT), active on multiple blockchains but still pegged at a 1:1 rate with USD. 1 USDT = 1 USD. Thus, a BTC/USDT ticker displays very similar price information to a BTC/USD ticker, most of the time subject to minute differences. There are also other USD stablecoins, and tickers such as BTC/USDC and BTC/BUSD can also help understand the dollar price of Bitcoin.

However, Bitcoin stablecoin pairs are not the same as BTC/USD – stablecoins have their own issuance rules and idiosyncrasies, which are distinct from fiat currencies. Sometimes their peg to the dollar can break down, for example, and this temporarily creates inaccurate price information for bitcoin in dollars.

For the latest live BTC/USD price information, check out the Cointelegraph Price Indices, updated in real time 24/7 for the world’s largest crypto exchanges.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.